Skanska to construct highway in Czech Republic for about CZK 1.4 billion, SEK 560 M

Skanska has been contracted to build a stretch of the R48 highway in the Czech Republic. Skanska’s share of the contract amounts to SEK 560 M, CZK 1.4 billion, which is included in order bookings for the third quarter of 2009. The customer is the Road Administration in the Czech Republic. The project is being financed through the national fund for transport infrastructure and is also expecting support from EU.

The assignment will be conducted in a consortium headed by Skanska. The total contract amount is CZK 2.75 billion, approximately SEK 1.1 billion, of which Skanska’s share is 51 percent. The project involves a seven-kilometer section of the R48 highway between Rychaltice and Frydek-Mistek, in the northeastern Czech Republic. The four-lane highway will include a 160-meter tunnel, noise barriers and 15 bridges. Work will commence at the end of 2009 and is scheduled to be completed in the beginning of 2013. Skanska Czech Republic, which is the largest construction company in the country, had revenues of about SEK 13 billion in 2008. The company has about 6,800 employees in the Czech Republic and Slovakia. In the Czech Republic, Skanska is also active in the development of office properties through Skanska Commercial Development Europe. For further information, please contact: Jan Hrabovský, Responsible for PR, Skanska Czech Republic, Tel +420 737 255 016 Peter Gimbe, Press Officer, Skanska AB, tel +46 10 448 88 38 Direct line for media: tel +46 10 448 88 99

About Us

Skanska is one of the world’s leading project development and construction groups with expertise in construction, development of commercial and residential premises, and public-private partnerships projects. Based on its global green experience, Skanska aims to be the clients' first choice for Green solutions. The Group currently has 41,000 employees in selected home markets in Europe and North America. Skanska's sales in 2016 totaled SEK 151 billion.

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